The bill: establishes a standing appropriation to enable claims to be paid under the Australian Government Guarantee Scheme for Large Deposits and Wholesale Funding; and provides a borrowing power, to enable money to be borrowed to pay such claims, should there be insufficient funds in the Consolidated Revenue Fund.

Provides for: a standing appropriation to pay claims under the Guarantee of State and Territory Borrowing; and a borrowing power enabling money to be borrowed to pay those claims should there be insufficient funds in the Consolidated Revenue Fund at the time claims are to be paid.

to provide the administrative framework necessary for Australia to meets its obligations under the Greater Sunrise unitisation agreement between Australia and East Timor. Also contains a regulation-making power.

to provide a framework for the administration and management of the Great Barrier Reef Park which integrates with the

Environment Protection and Biodiversity Conservation Act 1999

and other legislation by: implementing environmental impact assessment and permitting processes; investigation and evidence collection; targeted approaches to enforcement; encouraging responsible use of the Park; and new emergency management powers.

Following government endorsement of the recommendations of the Review of the Corporate Governance of Statutory Authorities and Office Holders (the Uhrig Review), the bill amends the

Great Barrier Reef Marine Park Act 1975

to implement changes to the governance arrangements of the Great Barrier Reef Marine Park Authority. Also provides for: a periodic outlook report; development of zoning plans for the Marine Park; and replaces the Great Barrier Reef Consultative Committee with a non-statutory advisory board.

to restructure the method of payment and collection of the Environmental Management Charge levied on standard tourism operations to clarify that goods and services tax is not payable; and consequentially extend the powers of inspectors to search aircraft and vessels and the powers of magistrates to issue search warrants. Also contains an application provision.